Palo Alto Networks, Inc. (PANW) PT Set at $145.00 by Evercore ISI
Palo Alto Networks, Inc. (NYSE:PANW) has been assigned a $145.00 price objective by stock analysts at Evercore ISI in a research note issued on Thursday. The brokerage currently has a “hold” rating on the network technology company’s stock. Evercore ISI’s price target indicates a potential upside of 1.60% from the stock’s previous close.
Other analysts also recently issued research reports about the stock. Oppenheimer Holdings, Inc. restated a “buy” rating and set a $173.00 price objective on shares of Palo Alto Networks in a research report on Tuesday. Piper Jaffray Companies set a $155.00 price objective on shares of Palo Alto Networks and gave the stock a “buy” rating in a research report on Sunday, November 12th. Zacks Investment Research downgraded shares of Palo Alto Networks from a “hold” rating to a “sell” rating in a research report on Monday, November 13th. BidaskClub downgraded shares of Palo Alto Networks from a “hold” rating to a “sell” rating in a research report on Wednesday, October 25th. Finally, Northland Securities set a $175.00 price objective on shares of Palo Alto Networks and gave the stock a “buy” rating in a research report on Wednesday, October 18th. Four investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and thirty have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $160.33.
Palo Alto Networks (PANW) opened at $142.72 on Thursday. Palo Alto Networks has a 12 month low of $107.31 and a 12 month high of $164.57. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.65 and a quick ratio of 1.65.
Palo Alto Networks (NYSE:PANW) last issued its quarterly earnings results on Thursday, August 31st. The network technology company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.92). Palo Alto Networks had a negative return on equity of 19.72% and a negative net margin of 12.57%. The firm had revenue of $509.00 million during the quarter, compared to analysts’ expectations of $487.53 million. During the same quarter in the prior year, the firm earned $0.50 EPS. The firm’s revenue was up 27.0% compared to the same quarter last year. equities analysts expect that Palo Alto Networks will post -0.5 EPS for the current fiscal year.
WARNING: “Palo Alto Networks, Inc. (PANW) PT Set at $145.00 by Evercore ISI” was published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this piece on another website, it was illegally stolen and reposted in violation of United States and international copyright laws. The original version of this piece can be accessed at https://www.thecerbatgem.com/2017/11/18/palo-alto-networks-inc-panw-pt-set-at-145-00-by-evercore-isi.html.
In related news, Director Carl M. Eschenbach sold 1,572 shares of the firm’s stock in a transaction on Friday, September 8th. The stock was sold at an average price of $144.99, for a total transaction of $227,924.28. Following the transaction, the director now directly owns 3,619 shares in the company, valued at $524,718.81. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Mark D. Mclaughlin sold 35,000 shares of the firm’s stock in a transaction on Tuesday, October 10th. The stock was sold at an average price of $149.70, for a total value of $5,239,500.00. The disclosure for this sale can be found here. Insiders have sold 284,744 shares of company stock worth $42,239,296 over the last 90 days. 4.80% of the stock is currently owned by company insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. IFM Investors Pty Ltd bought a new position in Palo Alto Networks during the third quarter worth $366,000. Green Square Capital LLC lifted its stake in Palo Alto Networks by 30.4% in the third quarter. Green Square Capital LLC now owns 4,027 shares of the network technology company’s stock valued at $580,000 after buying an additional 939 shares during the last quarter. California Public Employees Retirement System lifted its stake in Palo Alto Networks by 1.6% in the third quarter. California Public Employees Retirement System now owns 165,400 shares of the network technology company’s stock valued at $23,834,000 after buying an additional 2,600 shares during the last quarter. Cubist Systematic Strategies LLC lifted its stake in Palo Alto Networks by 85.5% in the third quarter. Cubist Systematic Strategies LLC now owns 8,922 shares of the network technology company’s stock valued at $1,286,000 after buying an additional 4,112 shares during the last quarter. Finally, Highbridge Capital Management LLC bought a new stake in Palo Alto Networks in the third quarter valued at $18,730,000. Hedge funds and other institutional investors own 77.50% of the company’s stock.
About Palo Alto Networks
Palo Alto Networks, Inc offers a next-generation security platform. The Company’s security platform consists of three elements: Next-Generation Firewall, Advanced Endpoint Protection and Threat Intelligence Cloud. Its Next-Generation Firewall delivers application, user and content visibility and control, as well as protection against network-based cyber threats integrated within the firewall through its hardware and software architecture.
Receive News & Stock Ratings for Palo Alto Networks Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Palo Alto Networks Inc. and related stocks with our FREE daily email newsletter.